[Solved] Johnson Sells $100,000 of Product to Robbins,and Also Purchases $10,000

Question 142
Multiple Choice

Johnson sells $100,000 of product to Robbins,and also purchases $10,000 of advertising services from Robbins.The advertising services have a fair value of $8,000.Johnson should record revenue on its sale of product to Robbins of:

A)$100,000
B)$98,000
C)$92,000
D)$90,000

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